Viji Finance Limited Rights Issue: Read the complete details here

Viji Finance Limited Rights Issue: Read the complete details here  

Viji Finance Limited came up with the rights issue. The issue size reported by the company is 60,000,000 Equity shares with a decided issue price of Rs 1.5 per share, a total amounting to Rs 9 Crores. At the same time, the face value is Re 1 per share. Investors who currently do not hold shares of Viji Finance Limited have the opportunity to purchase shares until May 14, 2024, to qualify for this rights issue. It's important to note that the record date for eligibility is May 15, 2024. The registrar for this rights issue is Cameo Corporate Services Limited. If we look at the entitlement ratio, it is reported that 8 Rights Equity Share(s) for every 11 fully paid-up Equity Shares held on Record Date.

About Viji Finance Limited

Viji Finance Limited, formerly known as Panjon Finance Limited, was established in 1994. It provides financial services to corporations and individuals in various areas, including corporate finance, personal loans, and gold loans. The company is mainly active in sectors such as infrastructure, housing, infrastructure development, construction, and vehicle financing within India. As of December 31, 2023, Viji Finance Limited had four employees in its business operations, administration, secretarial, and legal departments.

Financial Performance of Viji Finance Limited (Amt in Rs Crore)

In the period ended March 31, 2023, the company's assets increased to Rs 22.55 crore compared to Rs 17.46 crore in the previous year. Similarly, revenue saw a significant increase, reaching Rs 2.09 crore from Rs 1.27 crore. However, even after growth in revenue, the profit after tax slightly decreased to Rs 0.43 crore from Rs 0.44 crore in the corresponding period last year, which indicates potential areas for further analysis and optimization.

Important Dates for Viji Finance Rights Issue

Timetable of Viji Finance Rights Issue

How do I apply for the Viji Finance Rights Issue?

Once the company’s rights Issue application is open for subscription, you can click here to apply with Bigul.

How do I check the allotment status of the Viji Finance Rights Issue?

The registrar for this rights issue is Cameo Corporate Services Limited. Investors can check the allotment status by visiting here. 

FAQs

1.   What are the important dates for Viji Finance's rights issue?

The important dates include the opening & closing dates of the rights issue is May 28, 2024, and June 10 2024, respectively.
 

2.    What is the last Date to buy Shares?

To get eligible for the rights issue of Viji Finance limited, an investor can buy its shares till May 14, 2024.

3.    What is the record date for the Viji Finance Rights Issue?

The record date, which is the Date to determine the shareholder's eligibility for the Rights Issue is May 15, 2024. 

4.    What are the recent financial updates of Viji Finance Limited?

In the period ended March 31, 2023, the company's assets increased to Rs 22.55 crore compared to Rs 17.46 crore in the previous year. Similarly, revenue saw a significant increase, reaching Rs 2.09 crore from Rs 1.27 crore. However, even after growth in revenue, the profit after tax slightly decreased to Rs 0.43 crore from Rs 0.44 crore in the corresponding period last year, which indicates potential areas for further analysis and optimization.

5.    How can I apply for the Viji Finance Rights Issue?

You can apply for the Viji Finance Rights Issue by visiting here.

6.    How can I check the allotment status of the Viji Finance Issue?

The registrar for this rights issue is Cameo Corporate Services Limited. Investors can check the allotment status by visiting here. 

7.    From where can I get the Letter of Offer for this Rights Issue?

You can download the Letter of Offer by visiting here.

8.    Where will the Viji Finance Rights Issue be listed?

The Rights Issue will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

9.    What is the entitlement ratio for the Viji Finance Limited Rights Issue?

The entitlement ratio is set at 8 Rights Equity Shares for every 11 fully paid-up equity shares held on the record date.